Are you confused about how SINO has position themselves? This is an expanding business plan that benefits all involved imo:
"Sino-Global Continues Strategic Partnerships with Two Leading State-Owned Chinese Logistics and Transportation Companies"
ROSLYN, N.Y., May 26, 2017 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company" or "we"), a non-asset based global shipping and freight logistic integrated solution provider, today announces the signing of two Project Agreements with Sinotrans Guangxi Co. ("Sinotrans Guangxi"), a subsidiary of Sinotrans Limited, which is a leading global integrated logistics service provider and COSCO Beijing International Freight Co., Ltd. ("COSFRE Beijing"), a subsidiary of China COSCO Holdings Company Limited (collectively referred to as "Project Agreements"). The Project Agreements are extensions of an initial Strategic Cooperation Framework Agreement and Inland Transportation Agreement that the Company entered into with Sinotrans Guangxi and COSFRE Beijing, respectively, in December 2016.
Pursuant to the Project Agreements, Sino-Global will continue its efforts with Sinotrans Guangxi and COSFRE Beijing to convert commodity in-bulk shipments to containerization of the commodities shipped between China and the United States. Containerization offers several benefits over bulk shipments which include increased speed and flexibility in the commodities transported as well as the ongoing rise in commodity prices and demand have resulted in the switch to containerization by producers seeking additional value over commodity in-bulk shipments.
Also, pursuant to the Project Agreements, Sino-Global will manage all ground logistics and custom declaration services in the U.S. for Sinotrans Guangxi and COSFRE Beijing. Currently (May 2017), the commodities listed in the Project Agreements primarily include sulfur, soybean and petroleum jelly. As of the date of this release, COSFRE Beijing in partnership with Sino-Global, is now loading in total approximately 300 metric tons of sulfur in twenty-foot containers in Long Beach, California.
